OAKS, Pa., Dec. 4, 2019 /PRNewswire/ -- SEI (NASDAQ:
SEIC), a leading provider of outsourced chief investment officer
(OCIO) services, today announced the renewal of its strategic
partnership with the Association of Governing Boards of
Universities and Colleges (AGB), an organization centered on
governance in higher education. AGB's membership boasts 1,300
boards, representing nearly 2,000 universities and
institutionally-related foundations.
Working with AGB provides SEI the opportunity to share thought
leadership surrounding the latest trends and challenges board
members face related to the investment management of their
endowments. Through this strategic partnership, SEI also maintains
involvement in various educational forums throughout the year,
including participation at AGB's Annual Foundation Leadership
Forum.
"Trustees overseeing college and university endowments continue
to be challenged as their institutions face a complex financial
environment, and we are focused on helping them address these
issues," said Frank Wilkinson,
Managing Director of North American Marketing for SEI's
Institutional Group. "AGB has proven to be a great strategic
partner for us through the years, and we embrace the opportunity to
continue the advancement of trusteeship in the higher education
sector."
For more than 25 years, SEI has provided an OCIO solution for
nonprofit institutions, currently working with 185 nonprofit
clients that represent $28.3 billion
in assets.* Of these clients, nearly 40 are colleges and
universities, with Drury University,
Idaho State University, University of North Alabama, University of
Redlands and University of the Arts among the new higher
education institutions added since 2018.
*as of Sept. 30, 2019
About SEI's Institutional Group
SEI's Institutional
Group is one of the first and largest global providers of
outsourced investment management services. The company delivers
integrated retirement, healthcare and nonprofit solutions to more
than 475 clients in 12 countries, as of Sept. 30, 2019. Our solutions are designed to
help clients meet financial objectives, reduce business risk and
fulfil their due
diligence requirements through implemented strategies for the
management of defined benefit
plans, defined contribution plans, endowments, foundations and
board-designated funds. For
more information visit: seic.com/institutional-investors.
About SEI
After 50 years in business, SEI
(NASDAQ:SEIC) remains a leading global provider of
investment processing, investment management, and investment
operations solutions that help corporations, financial
institutions, financial advisors, and ultra-high-net-worth families
create and manage wealth. As of Sept. 30,
2019, through its subsidiaries and partnerships in which the
company has a significant interest, SEI manages, advises or
administers $1 trillion in hedge,
private equity, mutual fund and pooled or separately managed
assets, including $335 billion in
assets under management and $662
billion in client assets under administration. For more
information, visit seic.com.
About AGB
The Association of Governing Boards of
Universities and Colleges (AGB) is the premier organization
centered on governance in higher education, an indispensable
partner for more than 1,300 institutional member boards
representing 40,000 volunteer trustees, chief executives,
organizational staff, policy makers, and other key industry
leaders. For nearly a century, AGB has advanced the theory and
practice of America's unique form of higher education governance as
a leading voice, trusted advisor, and effective advocate, helping
boards to explore and engage with solutions for their emerging and
evergreen governance needs and questions. AGB is not affiliated
with SEI or its subsidiaries.
Company
Contact:
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Media
Contact:
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Leslie
Wojcik
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Sam
Reinhardt
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SEI
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Prosek
Partners
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+1
610-676-4191
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+1
646-494-7609
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lwojcik@seic.com
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sreinhardt@prosek.com
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SOURCE SEI